Ceigall India Limited has emerged as the L1 bidder for the ‘Common Transmission System for evacuation of power from Lakadia (Phase-II: 7.5GW), Jam Khambhaliya (Phase-II: 5.5GW) and Jamnagar (Phase-I: 1GW) – Part-B’. The total consideration is approximately ₹6086.70 million annually for 35 years. This significant win underscores the company’s capabilities in the power transmission sector and is expected to bolster its long-term revenue streams.
Major Transmission Project Secured
Ceigall India Limited (‘CIL’) has announced its emergence as the L1 bidder for a substantial inter-state transmission system project. The project, titled ‘Common Transmission System for evacuation of power from Lakadia (Phase-II: 7.5GW), Jam Khambhaliya (Phase-II: 5.5GW) and Jamnagar (Phase-I: 1GW) – Part-B’, was awarded through a tariff-based global competitive bidding process conducted by REC Power Development and Consultancy Limited (RECPDCL).
Project Details and Financials
The contract involves the establishment of a Common Transmission System, including a 765/400 kV AIS Substation and a 300 km Transmission Line. The broad consideration for this project is estimated at Rs. 6086.70 million annually, with a tenure of 35 years. This represents significant long-term revenue potential for Ceigall India Limited.
Key Contract Terms
The awarded contract is a Tariff Based Contract Agreement. The work execution period is stipulated for 36 months, followed by an operational period of 35 years. This domestic project award signifies a major achievement for Ceigall India Limited, reinforcing its position in the vital power infrastructure sector.
Source: BSE
